While you may have already made your New Year resolutions, I have one more for you to add to the list: buy a new home. Here are five home-buying reasons that make 2016 the year to buy while ringing in the New Year:

Reason No. 1: Even though we have been on the edge of our seats since the 3rd quarter of 2015, and we know they are going to sneak up any minute, interest rates are STILL at historic lows. Interest rates on home loans are low with a 30-year fixed-rate home loan still hovering around the 3.60% to 4% range.

Reason No. 2: Home prices are stabilizing and the trend of climbing costs has finally steadied. These leveling prices are allowing home buyers to have more negotiating power with sellers even in the competitive markets.

Reason No. 3: Rents are outpacing home values. While rent had skyrocketed in 2015, an 8% rent hike is predicted for 2016, according to Rento.com. When rent values rise above home values, it becomes more affordable to own then rent.

Reason No. 4: The FHA predicts a 37% annual premium cut. Many first time home buyers have less than 20% to put down on their home. This requires them to obtain mortgage insurance. However if you loan from the Federal Housing Administration, or FHA, your down payment can be as low as 3.5%, even with bad credit. The FHA offers fees from .85%, making your mortgage way lower than from a conventional loan. The FHA-predicted premium cut should welcome around 250,000 first-time home buyers into their first home in 2016. Why not be one of those new home buyers?

Reason No. 5: Tax breaks! Homeowners receive tax breaks on the monthly interest they pay on their home loan as well as on their property tax and any other home related cost.

This is your year to make those home buying dreams a reality!